https://www.taxtmi.com/caselaws?id=110156 The Tribunal allowed the appeal by setting aside the additional duty demand, confiscation of goods, redemption fine, and penalty imposed on the appellants in a case concerning the valuation of 'Sony' and 'Pioneer' brand goods imported from Dubai. The Tribunal held that the valuation should align with standard values adopted in Bombay Customs House, based on a circular from the Commissioner of Customs, Mumbai, which provided valuation norms for similar goods. The appellants' argument that the confiscation and penalty were unwarranted as they had accurately declared the goods was accepted by the Tribunal. en-us Tue, 18 Nov 2003 00:00:00 +0530 Sat, 14 Apr 2012 09:59:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110156 The Tribunal allowed the appeal by setting aside the additional duty demand, confiscation of goods, redemption fine, and penalty imposed on the appellants in a case concerning the valuation of 'Sony' and 'Pioneer' brand goods imported from Dubai. The Tribunal held that the valuation should align with standard values adopted in Bombay Customs House, based on a circular from the Commissioner of Customs, Mumbai, which provided valuation norms for similar goods. The appellants' argument that the confiscation and penalty were unwarranted as they had accurately declared the goods was accepted by the Tribunal. Case-Laws Customs Tue, 18 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110156